Ethereum’s recent price pullback has prompted SharpLink Gaming to make another big move into the market.
Blockchain tracking platform Arkham Intelligence spotted over $108 million in USDC flowing from a SharpLink-linked wallet to Galaxy Digital’s OTC desk, likely for the purchase of roughly 31,900 ETH.
This isn’t SharpLink’s first large-scale buy. The company already ranks as the second-largest corporate holder of Ethereum, with more than 438,000 ETH in its treasury — a position only BitMine, led by Tom Lee, surpasses.
Lee himself has publicly forecast Ethereum could climb to $15,000, citing strong fundamentals, legal clarity for tokenization, and growing institutional demand.
Corporate ETH holdings have now swelled past $10 billion, with names like The Ether Machine, Ethereum Foundation, and PulseChain among the top five holders. Many of these firms are treating ETH as a strategic reserve asset, similar to how some corporations use Bitcoin.
The latest SharpLink purchase comes as Ethereum trades well below its $3,900 local high, echoing recent calls from Eric Trump for investors to take advantage of the dip. For companies betting on ETH’s long-term utility, the current market lull may be more of an opportunity than a setback.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/sharplink-expands-ethereum-reserves-with-100m-dip-buy/